What will happen to GPU mining? Is GPU mining over? In this video I sit down with you to talk about the future of GPU mining in 2023. I do this by first getting into how the Ethereum merge (ETH 2.0), the bear market and the global energy crisis all worked together to significantly reduce our mining profits in 2022-2023. Basically, explaining the chain of events that happened that reduced the profitability so significantly. I then proceed to talk about the 6 different things that can happen that would bring back GPU mining profitability in 2023. These include power costs coming down, mining efficiency breakthroughs either with new GPUs or new mining software updates, network hashrate reductions, a change in coin distribution to miners, new coins being introduced and of course if we were to see another bull market where coin prices were to go back up again.
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๐ผ ๐๐๐๐๐ ๐๐๐๐๐๐๐ 00:00 What will happen to GPU mining profitability in 2023? 02:28 CoinLedger ad 03:26 How power prices could save GPU mining 04:19 How mining efficiency affects GPU mining profits 05:49 Network hashrate could change soon 07:28 How coin distribution to miners can change 08:11 Will new coins save GPU mining profitability? 09:01 How much would coin prices have to change? 09:49 These things could negatively affect GPU mining...
None of the content in my videos or elsewhere is direct advice, financial or otherwise. Everything said is from my point of view and for entertainment purposes. You do things at your own risk. You are responsible for your own actions. Do your own research.
